<turbo-stream action="replace" target="mall-map-wrapper"><template><div data-controller="map" data-lat="1.5276" data-lng="110.3681" data-map-catchment-data-value="{&quot;lat&quot;:&quot;1.5276&quot;,&quot;lng&quot;:&quot;110.3681&quot;,&quot;primary_radius&quot;:5.0,&quot;secondary_radius&quot;:15.0,&quot;population&quot;:500000}" data-map-demographic-summary-value="{&quot;Mall Demographics&quot;:[{&quot;label&quot;:&quot;Primary Catchment Area&quot;,&quot;value&quot;:&quot;10 km radius km&quot;,&quot;description&quot;:&quot;Estimated primary trade area around the mall in Kuching&quot;},{&quot;label&quot;:&quot;Secondary Catchment Area&quot;,&quot;value&quot;:&quot;30 km radius km&quot;,&quot;description&quot;:&quot;Estimated secondary trade area extending to greater Kuching suburbs&quot;},{&quot;label&quot;:&quot;Catchment area population&quot;,&quot;value&quot;:&quot;500,000 People&quot;,&quot;description&quot;:&quot;Estimated population within primary and secondary catchment in Kuching urban area&quot;},{&quot;label&quot;:&quot;Population growth rate&quot;,&quot;value&quot;:&quot;1.3&quot;,&quot;description&quot;:&quot;Annual population growth rate for Sarawak based on national trends&quot;},{&quot;label&quot;:&quot;Median age&quot;,&quot;value&quot;:&quot;30 Years&quot;,&quot;description&quot;:&quot;Median age of population in Sarawak, reflecting youthful demographic&quot;},{&quot;label&quot;:&quot;Household size&quot;,&quot;value&quot;:&quot;4.0 Persons per household&quot;,&quot;description&quot;:&quot;Average household size in Malaysian urban areas like Kuching&quot;},{&quot;label&quot;:&quot;Education level (tertiary)&quot;,&quot;value&quot;:&quot;20.0&quot;,&quot;description&quot;:&quot;Percentage of adults with tertiary education in Sarawak&quot;}],&quot;Economic Indicators&quot;:[{&quot;label&quot;:&quot;Median household income&quot;,&quot;value&quot;:&quot;4,500 MYR per month&quot;,&quot;description&quot;:&quot;Estimated median monthly household income in Kuching/Sarawak&quot;},{&quot;label&quot;:&quot;Unemployment rate&quot;,&quot;value&quot;:&quot;3.4&quot;,&quot;description&quot;:&quot;Unemployment rate in Sarawak as of recent data&quot;},{&quot;label&quot;:&quot;Cost of living index&quot;,&quot;value&quot;:&quot;55 Index (NYC=100)&quot;,&quot;description&quot;:&quot;Cost of living index for Kuching, lower than national average&quot;}],&quot;Consumer Spending&quot;:[{&quot;label&quot;:&quot;Retail spending per capita&quot;,&quot;value&quot;:&quot;3,000 MYR per year&quot;,&quot;description&quot;:&quot;Estimated annual retail spending per capita in Malaysian urban areas&quot;},{&quot;label&quot;:&quot;Spending on apparel&quot;,&quot;value&quot;:&quot;800 MYR per year&quot;,&quot;description&quot;:&quot;Estimated annual spending on apparel per capita in Malaysia&quot;},{&quot;label&quot;:&quot;Spending on groceries&quot;,&quot;value&quot;:&quot;1,200 MYR per year&quot;,&quot;description&quot;:&quot;Estimated annual spending on groceries per capita in urban Malaysia&quot;},{&quot;label&quot;:&quot;Spending on electronics&quot;,&quot;value&quot;:&quot;500 MYR per year&quot;,&quot;description&quot;:&quot;Estimated annual spending on electronics per capita in Malaysia&quot;}],&quot;Mall Traffic \u0026 Performance&quot;:[{&quot;label&quot;:&quot;Annual foot traffic&quot;,&quot;value&quot;:&quot;7,000,000 Visitors per year&quot;,&quot;description&quot;:&quot;Estimated annual visitors based on mall size and regional popularity&quot;},{&quot;label&quot;:&quot;Dwell time&quot;,&quot;value&quot;:&quot;120 Minutes&quot;,&quot;description&quot;:&quot;Average dwell time estimated for shopping mall visitors&quot;},{&quot;label&quot;:&quot;Conversion rate&quot;,&quot;value&quot;:&quot;25.0&quot;,&quot;description&quot;:&quot;Estimated percentage of visitors making a purchase&quot;},{&quot;label&quot;:&quot;Sales per square meter&quot;,&quot;value&quot;:&quot;5,000 MYR per year&quot;,&quot;description&quot;:&quot;Estimated annual sales per square meter in premium Malaysian malls&quot;}],&quot;Competition \u0026 Tenant Mix&quot;:[{&quot;label&quot;:&quot;Number of retail stores&quot;,&quot;value&quot;:&quot;350 Stores&quot;,&quot;description&quot;:&quot;Approximate number of retail tenants in the mall&quot;},{&quot;label&quot;:&quot;Anchor tenant presence&quot;,&quot;value&quot;:&quot;Yes Presence&quot;,&quot;description&quot;:&quot;Anchor tenants include Parkson, Harvey Norman, TGV Cinemas, Everrise&quot;},{&quot;label&quot;:&quot;Competitor density (same category)&quot;,&quot;value&quot;:&quot;High Density&quot;,&quot;description&quot;:&quot;High density of competing malls in Kuching like The Spring and Aeon&quot;},{&quot;label&quot;:&quot;Tenant diversity&quot;,&quot;value&quot;:&quot;High Diversity&quot;,&quot;description&quot;:&quot;Diverse mix of fashion, electronics, food, and entertainment tenants&quot;},{&quot;label&quot;:&quot;Unique Concepts&quot;,&quot;value&quot;:&quot;Yes Presence&quot;,&quot;description&quot;:&quot;Features unique concepts like IMAX cinema and lifestyle stores&quot;}],&quot;Real Estate \u0026 Leasing&quot;:[{&quot;label&quot;:&quot;Gross Leasable Area&quot;,&quot;value&quot;:&quot;120,774 sq m&quot;,&quot;description&quot;:&quot;Total gross leasable area equivalent to 1.3 million sq ft&quot;},{&quot;label&quot;:&quot;Number of Levels&quot;,&quot;value&quot;:&quot;5 Levels&quot;,&quot;description&quot;:&quot;Five levels of retail space plus basement&quot;},{&quot;label&quot;:&quot;Average rent per square meter&quot;,&quot;value&quot;:&quot;150 MYR per month&quot;,&quot;description&quot;:&quot;Estimated average monthly rent per square meter in Kuching malls&quot;},{&quot;label&quot;:&quot;Vacancy rate&quot;,&quot;value&quot;:&quot;5.0&quot;,&quot;description&quot;:&quot;Low vacancy rate indicating strong occupancy&quot;},{&quot;label&quot;:&quot;Lease term flexibility&quot;,&quot;value&quot;:&quot;Medium Flexibility&quot;,&quot;description&quot;:&quot;Standard lease terms with some flexibility for key tenants&quot;},{&quot;label&quot;:&quot;Available retail space&quot;,&quot;value&quot;:&quot;Low Availability&quot;,&quot;description&quot;:&quot;Limited available space due to high demand&quot;}],&quot;Accessibility \u0026 Infrastructure&quot;:[{&quot;label&quot;:&quot;Proximity to main roads&quot;,&quot;value&quot;:&quot;Direct access Access&quot;,&quot;description&quot;:&quot;Direct access to Jalan Wan Alwi, a major road in Kuching&quot;},{&quot;label&quot;:&quot;Public transport access&quot;,&quot;value&quot;:&quot;Good Access&quot;,&quot;description&quot;:&quot;Accessible by public buses from Kuching city center&quot;},{&quot;label&quot;:&quot;Parking spaces&quot;,&quot;value&quot;:&quot;3,800 Spaces&quot;,&quot;description&quot;:&quot;Total parking spaces across basement, podium, and roof levels&quot;},{&quot;label&quot;:&quot;Pedestrian traffic&quot;,&quot;value&quot;:&quot;High Traffic&quot;,&quot;description&quot;:&quot;High pedestrian access due to urban location and nearby developments&quot;}],&quot;Digital \u0026 E-commerce Trends&quot;:[{&quot;label&quot;:&quot;E-commerce competition&quot;,&quot;value&quot;:&quot;High Competition&quot;,&quot;description&quot;:&quot;Strong e-commerce competition from platforms like Shopee in Malaysia&quot;},{&quot;label&quot;:&quot;Click-and-collect adoption&quot;,&quot;value&quot;:&quot;Medium Adoption&quot;,&quot;description&quot;:&quot;Moderate adoption of click-and-collect services by tenants&quot;},{&quot;label&quot;:&quot;Internet penetration&quot;,&quot;value&quot;:&quot;90.0&quot;,&quot;description&quot;:&quot;High internet penetration rate in urban Sarawak/Malaysia&quot;}],&quot;Safety \u0026 Security&quot;:[{&quot;label&quot;:&quot;Retail crime rate&quot;,&quot;value&quot;:&quot;Low Rate&quot;,&quot;description&quot;:&quot;Low retail crime rate in Kuching compared to national averages&quot;},{&quot;label&quot;:&quot;Security measures&quot;,&quot;value&quot;:&quot;CCTV and Guards Measures&quot;,&quot;description&quot;:&quot;Comprehensive security with CCTV, guards, and safety protocols&quot;}],&quot;Marketing \u0026 Events&quot;:[{&quot;label&quot;:&quot;Promotional events&quot;,&quot;value&quot;:&quot;Multiple per year Events&quot;,&quot;description&quot;:&quot;Regular events like anniversaries, roadshows, and seasonal promotions&quot;},{&quot;label&quot;:&quot;Loyalty program penetration&quot;,&quot;value&quot;:&quot;Medium Penetration&quot;,&quot;description&quot;:&quot;Loyalty programs offered with discounts for repeat visitors&quot;},{&quot;label&quot;:&quot;Digital signage presence&quot;,&quot;value&quot;:&quot;Yes Presence&quot;,&quot;description&quot;:&quot;Digital signage used for promotions and navigation&quot;}],&quot;Growth Potential&quot;:[{&quot;label&quot;:&quot;Projected foot traffic growth&quot;,&quot;value&quot;:&quot;5.0&quot;,&quot;description&quot;:&quot;Expected annual growth in foot traffic due to regional development&quot;},{&quot;label&quot;:&quot;New tenant pipeline&quot;,&quot;value&quot;:&quot;Ongoing Pipeline&quot;,&quot;description&quot;:&quot;Continuous addition of new tenants and concepts&quot;},{&quot;label&quot;:&quot;Mall expansion plans&quot;,&quot;value&quot;:&quot;Vivacity 2 Plans&quot;,&quot;description&quot;:&quot;Approved expansion including offices, condos, and mall extension&quot;}]}" data-map-mapbox-token-value="pk.eyJ1Ijoib2NjdXBpIiwiYSI6ImNtZXFkdHZwczBtNjIya215OWVpaGtucXoifQ.xiNo8HmyyKim2YrJ3LdqdQ" data-map-nearby-malls-value="{&quot;primary&quot;:[{&quot;id&quot;:1993,&quot;slug&quot;:&quot;the-hills-shopping-centre&quot;,&quot;name&quot;:&quot;The Hills Shopping Centre&quot;,&quot;lat&quot;:&quot;1.5525&quot;,&quot;lng&quot;:&quot;110.348&quot;,&quot;property_type&quot;:&quot;Shopping Centre&quot;,&quot;description&quot;:&quot;The Hills Shopping Centre is situated at No.8 Jalan Bukit Mata in central Kuching, Sarawak, Malaysia, reimagined in 2019 as a premium community lifestyle hub spanning an estimated 150,000 sq ft of gross leasable area. Positioned adjacent to the Kuching Waterfront, Chinatown, major hotels, government offices, banks, and educational institutions, it enjoys prime accessibility and integration with the citys vibrant core. The tenant mix emphasizes convenience and experiential retail, anchored by Goceli Supermarket for daily groceries and fresh produce, complemented by a robust F\u0026B segment featuring outlets like ZUS Coffee, Ding Tea, Potato Story, and diverse local-international cuisines in the Food Haven area. Additional categories include wellness facilities such as a climbing gym and Studio8 Fitness, co-working spaces for entrepreneurs, bespoke event venues for pop-ups and exhibitions, and creative studios for artists. In Kuchings retail market, where average occupancy hovers at 75-80% amid post-pandemic recovery, The Hills maintains a stable tenancy rate supported by its niche focus on community engagement over mass-market appeal. This positions it as a complementary option to larger competitors, drawing consistent footfall from urban residents and tourists. Leasing advantages encompass flexible unit sizes suitable for SMEs, competitive base rents of RM6-9 per sq ft monthly with turnover components, and promotional synergies through events that boost visibility. However, drawbacks include limited scale compared to regional malls, potential F\u0026B oversaturation, and vulnerability to economic fluctuations in Sarawaks resource-based economy, which could impact discretionary spending.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Kuching&quot;},&quot;anchor_tenants&quot;:&quot;Goceli Supermarket, Toys R Us, Old Town White Coffee&quot;,&quot;distance&quot;:3.56,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;25&quot;,&quot;gla_sqm&quot;:&quot;12000&quot;,&quot;anchor_tenants&quot;:&quot;Goceli Supermarket, Toys R Us, Old Town White Coffee&quot;}},{&quot;id&quot;:2587,&quot;slug&quot;:&quot;the-hills-shopping-mall&quot;,&quot;name&quot;:&quot;The Hills Shopping Mall&quot;,&quot;lat&quot;:&quot;1.555415&quot;,&quot;lng&quot;:&quot;110.351173&quot;,&quot;property_type&quot;:&quot;Neighborhood&quot;,&quot;description&quot;:&quot;The Hills Shopping Mall, located at 8 Jalan Bukit Mata in central Kuching, Sarawak, Malaysia, occupies 140,000 square feet over two storeys. Reimagined in 2019 from a traditional retail space to a community lifestyle hub, it integrates The Grounds for events, Food Haven with 12 stalls, and Food Lounge. Tenant mix encompasses Goceli Supermarket for essentials and groceries, diverse F\u0026B including Zus Coffee, Ding Tea, Potato Story, and international cuisines; retail anchors like Mr. DIY, Toys \&quot;R\&quot; Us, and fashion outlets such as MNG, Alfred Dunhill, Emilio Valentino, and Button Up; plus co-working areas, karaoke (Fun Hut), nail services (NM Nails), and pop-up event spaces. In Kuching&#39;s retail market, characterized by 63% average occupancy and rising competition from larger venues like Vivacity Megamall and The Spring, The Hills positions as a neighborhood-focused destination attracting urban dwellers. Leasing advantages feature central accessibility via major roads, synergy from mixed-use tenants boosting cross-shopping, and flexible terms amid post-pandemic recovery. Drawbacks include vulnerability to footfall shifts toward experiential mega-malls, potential rent pressures from economic slowdowns, and need for infrastructure upgrades to sustain appeal in a saturated market with e-commerce encroachment.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Kuching&quot;},&quot;anchor_tenants&quot;:&quot;Goceli Supermarket&quot;,&quot;distance&quot;:3.62,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;80&quot;,&quot;gla_sqm&quot;:&quot;10000&quot;,&quot;anchor_tenants&quot;:&quot;Goceli Supermarket&quot;}},{&quot;id&quot;:1209,&quot;slug&quot;:&quot;the-spring-kuching&quot;,&quot;name&quot;:&quot;The Spring Kuching&quot;,&quot;lat&quot;:&quot;1.535619&quot;,&quot;lng&quot;:&quot;110.357612&quot;,&quot;property_type&quot;:&quot;Shopping Mall&quot;,&quot;description&quot;:&quot;The Spring Shopping Mall, situated along Persiaran Spring in Kuching, Sarawak, opened in January 2008 and offers 420,000 square feet of gross leasable area across four levels, accommodating 139 retail outlets. It serves as a prominent retail hub in the city, approximately 15 minutes by car from the central business district and Kuching International Airport, with connectivity via public buses K8 and K11, a pedestrian bridge to neighboring ST3 Mall, and planned integration with the Kuching Urban Transportation System Blue Line for improved mass transit access. The tenant mix is balanced, with fashion and apparel comprising key anchors such as H\u0026M, Uniqlo, Padini Concept Store, and international brands like Levi’s, Cotton On, and Coach, representing about 40% of space. Lifestyle and beauty sectors feature MUJI, Sephora, Bath \u0026 Body Works, Watsons, and jewelry from Pandora and Habib, while F\u0026B occupies 20% with FoodBazaar, Starbucks, KFC, Nando’s, and Secret Recipe. Entertainment includes GSC Cinemas with eight screens, and Ta Kiong Supermarket provides grocery options. In Kuching retail market, total space reached 10.19 million square feet by mid-2019, with ongoing expansion pressuring occupancy to an average 63% in 2024; The Spring stands at 60%, indicating stable but challenged performance amid recovering footfall at 75% of pre-pandemic levels, fueled by F\u0026B and events. Demographic draw includes urban middle-class families, young professionals from nearby Swinburne University, and tourists in a 600,000-resident metro area with 3.64% retail CAGR to 2030. Leasing benefits encompass flexible terms and rents of RM 8-12 per square foot, but risks involve competition from larger rivals like Vivacity Megamall and AEON, potential infrastructure aging, and market saturation in fashion categories.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Kuching&quot;},&quot;anchor_tenants&quot;:&quot;GSC Cinemas,H\u0026M,MUJI,Padini Concept Store,Uniqlo,Ta Kiong Supermarket&quot;,&quot;distance&quot;:1.47,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;180&quot;,&quot;gla_sqm&quot;:&quot;39000&quot;,&quot;anchor_tenants&quot;:&quot;GSC Cinemas,H\u0026M,MUJI,Padini Concept Store,Uniqlo,Ta Kiong Supermarket&quot;}},{&quot;id&quot;:1207,&quot;slug&quot;:&quot;city-one-megamall&quot;,&quot;name&quot;:&quot;City One Megamall&quot;,&quot;lat&quot;:&quot;1.5205&quot;,&quot;lng&quot;:&quot;110.3552&quot;,&quot;property_type&quot;:null,&quot;description&quot;:&quot;City One Megamall, situated at No.1 Jalan Song in central Kuching, Sarawak, Malaysia, forms part of a 1.5 million square foot mixed-use development completed in 2011, allocating 650,000 square feet to net retail space over four levels with capacity for 400 outlets. It serves as a mid-tier shopping venue targeting local residents, featuring anchor tenants including Golden Screen Cinemas on the third floor for entertainment draw, Everrise Supermarket on the ground floor for grocery needs, and SSF on the first floor for fashion. The tenant mix spans categories such as apparels, banking and financial services, beauty and salons, education centers, fashion accessories and gifts, food and beverage outlets, health and pharmacy, home furnishings, IT and electronics, jewelry, kids and toys, optical services, general services, sports and leisure, and stationery shops, promoting a balanced but unremarkable variety focused on daily essentials and family activities. In Kuchings retail landscape, marked by rapid supply expansion since the 2010s, the mall holds a secondary position amid intensified competition, with Sarawak shopping center occupancy averaging 76.8% as of third quarter 2024 per Henry Butcher reports, though City One reportedly contends with elevated vacancies around 25-30% based on local observations from early 2025. Leasing advantages encompass competitive base rents estimated at RM4 to RM7 per square foot monthly for comparable secondary spaces, coupled with incentives like initial rent abatements and flexible terms to attract occupants, alongside a central locale enhancing visibility. Drawbacks include softening market dynamics, with footfall recovering to about 75% of pre-pandemic norms yet trailing premium rivals like The Spring and VivaCity Megamall, which boast stronger tenant lineups and modern amenities. The propertys demographic catchment draws from Kuchings 609,000 metropolitan population, diverse with 69% Bumiputera, 24% Chinese, and indigenous groups, exhibiting moderate retail expenditure tied to oil and gas economic cycles, averaging RM5,000 monthly household incomes. Operational aspects reveal strengths in parking availability but weaknesses in infrastructure upkeep and category vitality, posing risks of co-tenancy dependencies and subdued sales performance for non-anchor retailers.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Kuching&quot;},&quot;anchor_tenants&quot;:&quot;Kenbest Sdn Bhd&quot;,&quot;distance&quot;:1.64,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;400&quot;,&quot;gla_sqm&quot;:&quot;4&quot;,&quot;anchor_tenants&quot;:&quot;Kenbest Sdn Bhd&quot;}},{&quot;id&quot;:1984,&quot;slug&quot;:&quot;the-spring-shopping-mall&quot;,&quot;name&quot;:&quot;The Spring Shopping Mall&quot;,&quot;lat&quot;:&quot;1.532&quot;,&quot;lng&quot;:&quot;110.342&quot;,&quot;property_type&quot;:&quot;Shopping Mall&quot;,&quot;description&quot;:&quot;The Spring Shopping Mall, located at Persiaran Spring in Kuching, Sarawak, Malaysia, is a prominent retail destination opened in 2011 with approximately 1.2 million square feet of gross leasable area. It serves as a key shopping hub in the region, attracting a diverse mix of local shoppers and tourists. The mall features over 200 tenants, including anchor stores such as Parkson Department Store, Aeon Big hypermarket, and Golden Screen Cinemas, alongside a balanced tenant mix of fashion outlets like H\u0026M and Uniqlo, dining options exceeding 50 eateries, and entertainment facilities. Market positionally, it holds a leading role in Kuching&#39;s retail landscape, benefiting from strong footfall driven by its modern design and central location near residential and commercial districts. Occupancy rates have historically been high, around 95-98% as per 2017 reports, outperforming the Kuching average of 70%. Rent levels for prime spaces range from RM10 to RM20 per square foot per month, reflecting stable demand. Accessibility is enhanced by proximity to major roads and public transport, though traffic congestion during peak hours poses minor challenges. Demographic profile includes middle to upper-middle-class families aged 25-55, with growing tourist influx from Borneo region. Leasing advantages include high visibility, robust sales potential from consistent footfall estimated at over 5 million annual visitors, and supportive management for tenant promotions. However, increasing competition from newer developments like VivaCity Megamall may pressure occupancy, and regional economic factors such as oil dependency in Sarawak could impact consumer spending. Overall, it offers solid performance metrics but requires careful evaluation of category-specific saturation in fashion and F\u0026B segments.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Kuching&quot;},&quot;anchor_tenants&quot;:&quot;Parkson, Ta Kiong Supermarket, GSC Cinemas, H\u0026M, Uniqlo, Padini&quot;,&quot;distance&quot;:2.94,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;150&quot;,&quot;gla_sqm&quot;:&quot;39000&quot;,&quot;anchor_tenants&quot;:&quot;Parkson, Ta Kiong Supermarket, GSC Cinemas, H\u0026M, Uniqlo, Padini&quot;}},{&quot;id&quot;:2966,&quot;slug&quot;:&quot;aeon-mall-kuching-central&quot;,&quot;name&quot;:&quot;Aeon Mall Kuching Central&quot;,&quot;lat&quot;:&quot;1.5279&quot;,&quot;lng&quot;:&quot;110.3373&quot;,&quot;property_type&quot;:&quot;Shopping Mall&quot;,&quot;description&quot;:&quot;AEON Mall Kuching Central, situated at Jalan Tun Ahmad Zaidi Adruce in Kuching, Sarawak, opened in April 2018 as AEONs first property in East Malaysia and the 27th nationwide. Covering 1.6 million square feet of gross built-up area over three retail levels with approximately 1,600 parking spaces across four levels, it targets suburban communities in Third Mile and Batu Kawa, 25 minutes from central Kuching. The tenant mix features anchor AEON Supermarket and Department Store on the northern end, mini-anchors including Uniqlo and Brands Outlet, fashion and accessories stores, home goods, and services. FandB diversity includes international chains like Starbucks, Pizza Hut, Kenny Rogers Roasters, Secret Recipe, and local halal options in a dedicated food court, alongside entertainment such as K11 Karaoke and Molly Fantasy World childrens play area. In Kuchings retail landscape, with 2024 occupancy averaging 76.8percent across Sarawak malls, this property leverages AEONs established brand for family-oriented traffic from a demographic of 600,000 metro residents, predominantly middle-income households earning MYR 5,000-7,000 monthly, including Malay, Chinese, and indigenous groups. Leasing advantages encompass multi-scheme rent structures with competitive base rates around MYR 10-15 per square foot, supported by positive rent reversions and high operational standards like atriums and WiFi seating. Drawbacks involve car-dependent access via Stapok Road, lacking robust public transit, and vulnerability to e-commerce shifts reducing physical visits.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Kuching&quot;},&quot;anchor_tenants&quot;:&quot;AEON Supermarket, Uniqlo, Brands Outlet, H\u0026M&quot;,&quot;distance&quot;:3.42,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;120&quot;,&quot;gla_sqm&quot;:&quot;52000&quot;,&quot;anchor_tenants&quot;:&quot;AEON Supermarket, Uniqlo, Brands Outlet, H\u0026M&quot;}},{&quot;id&quot;:1210,&quot;slug&quot;:&quot;boulevard-shopping&quot;,&quot;name&quot;:&quot;Boulevard Shopping Mall&quot;,&quot;lat&quot;:&quot;1.508889&quot;,&quot;lng&quot;:&quot;110.336111&quot;,&quot;property_type&quot;:&quot;Shopping Mall&quot;,&quot;description&quot;:&quot;Boulevard Shopping Mall in Kuching, Sarawak, Malaysia, spans 1.7 million square feet of retail space, established in 2007 with a major expansion in 2012 that positioned it as Sarawaks largest lifestyle destination. Located five minutes from Kuching International Airport, it draws a primary catchment of over 230,000 middle- to high-income residents within a five-mile radius, augmented by airport passenger traffic averaging 3-4 million annually. The tenant mix comprises over 230 outlets across themed zones: Stylish Avenue for apparel and accessories, Enchanter Boulevard for beauty and wellness, Savory for 20+ dining options, Gizmo Zone for gadgets, and Harajuku Mode for youth fashion, anchored by the Boulevard Hypermarket and Department Store. Complementary amenities include a skating rink, cinema, and integrated four-star Imperial Hotel with apartment suites, fostering extended dwell times. In Kuchings competitive retail market, Boulevard maintains a notable presence amid rapid supply growth, with city-wide occupancy averaging 63% in 2025 due to oversupply from rivals like The Spring and VivaCity. Leasing advantages encompass prime accessibility for impulse buys from travelers, diverse mix driving 20-30% cross-shopping, and flexible event spaces for brand activations. Drawbacks involve 60% occupancy at Boulevard, pressuring rents to RM 10-15 per square foot monthly, and vulnerability to tourism fluctuations impacting footfall, estimated at 5-7 million visitors yearly based on historical benchmarks. Operational strengths include modern themed layouts, though the aging 2007 core requires upkeep, and e-commerce competition erodes non-essential categories. Overall, it suits retailers targeting affluent locals and tourists in fashion, F\u0026B, and leisure, with balanced risk from market saturation.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Kuching&quot;},&quot;anchor_tenants&quot;:&quot;Boulevard Hypermarket, Emart&quot;,&quot;distance&quot;:4.12,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;230&quot;,&quot;gla_sqm&quot;:&quot;157935&quot;,&quot;anchor_tenants&quot;:&quot;Boulevard Hypermarket, Emart&quot;}}],&quot;secondary&quot;:[],&quot;outside&quot;:[]}" data-map-update-url-value="/malls/vivacity-megamall" id="mall-map-wrapper"><div data-city="Kuching" data-current-mall="true" data-id="vivacity-megamall" data-lat="1.5276" data-lng="110.3681" data-map-target="mall" data-name="Vivacity Megamall" style="display: none;"></div><div data-map-target="map" id="map"></div><div class="demographic-panel collapsed" data-map-target="demographicPanel"><div class="panel-header"><h4><i aria-hidden="true" class="ri-bar-chart-line"></i> Market Demographics</h4><button class="toggle-btn" onclick="this.parentElement.parentElement.classList.toggle(&quot;collapsed&quot;)"><i aria-hidden="true" class="ri-arrow-down-s-line"></i></button></div><div class="panel-content"><div class="stats-category"><h5>Mall Demographics</h5><div class="stats-grid"><div class="stat-card"><div class="stat-value">10 km radius km</div><div class="stat-label">Primary Catchment Area</div></div><div class="stat-card"><div class="stat-value">30 km radius km</div><div class="stat-label">Secondary Catchment Area</div></div><div class="stat-card"><div class="stat-value">500,000 People</div><div class="stat-label">Catchment area population</div></div><div class="stat-card"><div class="stat-value">1.3</div><div class="stat-label">Population growth rate</div></div></div></div><div class="stats-category"><h5>Economic Indicators</h5><div class="stats-grid"><div class="stat-card"><div class="stat-value">4,500 MYR per month</div><div class="stat-label">Median household income</div></div><div class="stat-card"><div class="stat-value">3.4</div><div class="stat-label">Unemployment rate</div></div><div class="stat-card"><div class="stat-value">55 Index (NYC=100)</div><div class="stat-label">Cost of living index</div></div></div></div><div class="stats-category"><h5>Consumer Spending</h5><div class="stats-grid"><div class="stat-card"><div class="stat-value">3,000 MYR per year</div><div class="stat-label">Retail spending per capita</div></div><div class="stat-card"><div class="stat-value">800 MYR per year</div><div class="stat-label">Spending on apparel</div></div><div class="stat-card"><div class="stat-value">1,200 MYR per year</div><div class="stat-label">Spending on groceries</div></div><div class="stat-card"><div class="stat-value">500 MYR per year</div><div class="stat-label">Spending on electronics</div></div></div></div><div class="stats-category"><h5>Mall Traffic &amp; Performance</h5><div class="stats-grid"><div class="stat-card"><div class="stat-value">7,000,000 Visitors per year</div><div class="stat-label">Annual foot traffic</div></div><div class="stat-card"><div class="stat-value">120 Minutes</div><div class="stat-label">Dwell time</div></div><div class="stat-card"><div class="stat-value">25.0</div><div class="stat-label">Conversion rate</div></div><div class="stat-card"><div class="stat-value">5,000 MYR per year</div><div class="stat-label">Sales per square meter</div></div></div></div><div class="stats-category"><h5>Competition &amp; Tenant Mix</h5><div class="stats-grid"><div class="stat-card"><div class="stat-value">350 Stores</div><div class="stat-label">Number of retail stores</div></div><div class="stat-card"><div class="stat-value">Yes Presence</div><div class="stat-label">Anchor tenant presence</div></div><div class="stat-card"><div class="stat-value">High Density</div><div class="stat-label">Competitor density (same category)</div></div><div class="stat-card"><div class="stat-value">High Diversity</div><div class="stat-label">Tenant diversity</div></div></div></div><div class="stats-category"><h5>Real Estate &amp; Leasing</h5><div class="stats-grid"><div class="stat-card"><div class="stat-value">120,774 sq m</div><div class="stat-label">Gross Leasable Area</div></div><div class="stat-card"><div class="stat-value">5 Levels</div><div class="stat-label">Number of Levels</div></div><div class="stat-card"><div class="stat-value">150 MYR per month</div><div class="stat-label">Average rent per square meter</div></div><div class="stat-card"><div class="stat-value">5.0</div><div class="stat-label">Vacancy rate</div></div></div></div><div class="stats-category"><h5>Accessibility &amp; Infrastructure</h5><div class="stats-grid"><div class="stat-card"><div class="stat-value">Direct access Access</div><div class="stat-label">Proximity to main roads</div></div><div class="stat-card"><div class="stat-value">Good Access</div><div class="stat-label">Public transport access</div></div><div class="stat-card"><div class="stat-value">3,800 Spaces</div><div class="stat-label">Parking spaces</div></div><div class="stat-card"><div class="stat-value">High Traffic</div><div class="stat-label">Pedestrian traffic</div></div></div></div><div class="stats-category"><h5>Digital &amp; E-commerce Trends</h5><div class="stats-grid"><div class="stat-card"><div class="stat-value">High Competition</div><div class="stat-label">E-commerce competition</div></div><div class="stat-card"><div class="stat-value">Medium Adoption</div><div class="stat-label">Click-and-collect adoption</div></div><div class="stat-card"><div class="stat-value">90.0</div><div class="stat-label">Internet penetration</div></div></div></div><div class="stats-category"><h5>Safety &amp; Security</h5><div class="stats-grid"><div class="stat-card"><div class="stat-value">Low Rate</div><div class="stat-label">Retail crime rate</div></div><div class="stat-card"><div class="stat-value">CCTV and Guards Measures</div><div class="stat-label">Security measures</div></div></div></div><div class="stats-category"><h5>Marketing &amp; Events</h5><div class="stats-grid"><div class="stat-card"><div class="stat-value">Multiple per year Events</div><div class="stat-label">Promotional events</div></div><div class="stat-card"><div class="stat-value">Medium Penetration</div><div class="stat-label">Loyalty program penetration</div></div><div class="stat-card"><div class="stat-value">Yes Presence</div><div class="stat-label">Digital signage presence</div></div></div></div><div class="stats-category"><h5>Growth Potential</h5><div class="stats-grid"><div class="stat-card"><div class="stat-value">5.0</div><div class="stat-label">Projected foot traffic growth</div></div><div class="stat-card"><div class="stat-value">Ongoing Pipeline</div><div class="stat-label">New tenant pipeline</div></div><div class="stat-card"><div class="stat-value">Vivacity 2 Plans</div><div class="stat-label">Mall expansion plans</div></div></div></div></div></div></div></template></turbo-stream>